Raft of Swiss data reaffirm our view that the economy is recovering quicker than the Eurozone.
The pick-up in Swiss inflation in July is nowhere near enough to set alarm bells off at the SNB...
... but a stronger franc all but cements the need for higher FX intervention.
Claus Vistesen (Chief Eurozone Economist)Eurozone
Weakness in the core remained a drag on euro area manufacturing midway through Q2, amid strength elsewhere.
Claus Vistesen (Chief Eurozone Economist)Eurozone
Judging by the questions we're receiving from
readers, and reports in the financial news, the outcome
of the ECB's strategic policy review is now starting to occupy investors' minds.
Claus Vistesen (Chief Eurozone Economist)Eurozone
The Swiss National Bank (SNB) will keep its powder dry today and leave its policy rate at -0.75%, a number we recommend investors get used to.
Claus Vistesen (Chief Eurozone Economist)Eurozone
The ECB conformed to our expectations yesterday, guiding markets towards unchanged and ample accommodation through Q3.
Claus Vistesen (Chief Eurozone Economist)Eurozone
The best way to explain the ECB's position, ahead of today's policy decision, is that the central bank has plenty of circumstantial evidence that a strong recovery has begun, but little hard data to substantiate the story.
Claus Vistesen (Chief Eurozone Economist)Eurozone
Yesterday's main economic reports point to mixed conditions in euro area manufacturing at the start of Q2.
Claus Vistesen (Chief Eurozone Economist)Eurozone
If the PMIs are right, services activity in the Eurozone rebounded strongly midway through the second quarter, as virus restrictions were eased.
Claus Vistesen (Chief Eurozone Economist)Eurozone
In this Monitor, we are introducing our coverage of the Swiss economy, with a look at the recent Q1 GDP numbers, and an outlook for the rest of the year.
Claus Vistesen (Chief Eurozone Economist)Eurozone
Inflation in the euro area increased further midway through the second quarter.
Claus Vistesen (Chief Eurozone Economist)Eurozone
Yesterday's INSEE surveys in France complemented the upbeat IFO in Germany earlier in the week.
Claus Vistesen (Chief Eurozone Economist)Eurozone
Yesterday's two key economic reports provided a snapshot of German's economy at two very different points in time.
Claus Vistesen (Chief Eurozone Economist)Eurozone
The Eurozone's aggregate external surplus returned to earth at the end of Q1.
Claus Vistesen (Chief Eurozone Economist)Eurozone
In one line: Prices are surging now, but likely will be marginally below March’s level by year-end.
Claus Vistesen (Chief Eurozone Economist)Eurozone
Yesterday's second Q1 GDP estimate confirmed that the EZ economy fell into recession at the start of the year.
Claus Vistesen (Chief Eurozone Economist)Eurozone
The European Commission took a more upbeat view on the EZ economy last week, in its new spring forecasts, a shift which is probably a fair reflection of where other official forecasts are going.
Claus Vistesen (Chief Eurozone Economist)Eurozone
Yesterday's detailed CPI data in Germany and France for April confirmed that rising energy prices continued to lift headline inflation at the start of the year.
Claus Vistesen (Chief Eurozone Economist)Eurozone
In one line: Soft; production rose in Q1, but by less than implied by leading indicators.
Claus Vistesen (Chief Eurozone Economist)Eurozone
The ECB has been struggling to send a clear message to markets in the past few months.
Claus Vistesen (Chief Eurozone Economist)Eurozone
Friday's data in the core EZ economies confirmed our suspicion that the reality in manufacturing at the start of the year was not as rosy as implied by the headline surveys and new orders data.
Claus Vistesen (Chief Eurozone Economist)Eurozone
